Moulton Wealth Management Inc. Has $961,000 Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Moulton Wealth Management Inc. lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,384 shares of the company’s stock after selling 3,515 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 0.8% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 25th biggest position. Moulton Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $961,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares in the last quarter. IFG Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $328,000. Net Worth Advisory Group bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $1,612,000. Precedent Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $2,891,000. Finally, Stratos Investment Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.9% during the 3rd quarter. Stratos Investment Management LLC now owns 156,316 shares of the company’s stock worth $28,006,000 after buying an additional 5,927 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3 %

Shares of NYSEARCA RSP opened at $181.82 on Friday. The company has a market cap of $60.90 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $182.22. The stock has a 50-day moving average price of $175.44 and a two-hundred day moving average price of $168.81.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).